Crowdfunding
Funding projects by the community.
What are some key problems that this process can solve?
Using participatory methods could harness the wisdom of crowds in the daunting task of allocating budgets for different impact investment opportunities.
How does this process work?
Communities decide on the financial range of support to projects. This way, decision-making is shared among people that are able to reflect on their individual analysis of potential impact each project aims to make.
What types of participation has this process offered communities?
№ OF PEOPLE |
inform | Consult | Involve | Collaborate | Empower |
---|---|---|---|---|---|
1—100 pPL |
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100—1k pPL |
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1k—10k pPL |
Cooperative management of a ridehail app by The Drivers Cooperative in NYC | ||||
10k—100k pPL |
Community-driven, blockchain-based support of impact projects across the globe: Gitcoin and UNICEF | ||||
100k—1M pPL |
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1M—10M pPL |
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10M—100M pPL |
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100M—1B pPL |
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1B+ pPL |
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Global |
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